Global Agricultural Biologicals Market 2017-2021
About Agricultural Biologicals
Technavio Announces the Publication of its Research Report – Global Agricultural Biologicals Market 2017-2021
Technavio recognizes the following companies as the key players in the global agricultural biologicals market: BASF
Other Prominent Vendors in the market are: Agrinos
Marrone Bio Innovations (MBI)
T.Stanes & Company
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increased awareness and product knowledge of biostimulants. Agricultural biostimulants include diverse formulations of compounds, substances, and micro-organisms that are applied to plants or soils to improve yields, crop vigor, quality, and tolerance to abiotic stresses. Biostimulants improve a plant’s metabolism, increase the yield, and enhance crop quality. Plant biostimulants are characterized by their natural and synthetic origin. Natural biostimulants contain amino acids, seaweeds, bacteria, chitosan, yeast, and phytohormones along with plant-growth regulators such as synthetic hormones, essential elements, inorganic salts, and phenolic compounds. Biostimulants are used in sustainable management practices for the production of medicinal plants. They enhance secondary metabolites synthesis and increase biomass production.”
According to the report, one of the major drivers for this market is Increasing prices of chemical fertilizers and pesticides. The increasing prices of chemical fertilizers and pesticides feature as a key driver for the global agricultural biologicals market. Use of chemical fertilizers may contribute to leaching and polluting water basins (making the crop more susceptible to diseases), destroying micro-organisms and friendly insects, and reducing soil fertility. The prices of chemical fertilizers and pesticides are high compared to that of agricultural biologicals. The rise in demand for food has led to extensive use of chemicals in agricultural practices, which ensure an increase in crop yield. However, the increased crop yield is coupled with negative impacts of the chemicals on crops. Due to chemical hazards, governments and consumers worldwide are focusing on chemical-free agricultural pesticides and fertilizers.
Further, the report states that one of the major factors hindering the growth of this market is Lack of awareness on agricultural biologicals. Lack of awareness regarding the use of agricultural biologicals is hindering the growth of the market. The adoption of updated agricultural practices by farmers depends on different factors like economic sustainability, eco-friendliness, political obligation, practical viability, and social acceptability. Since biofertilizers are not regarded as a separate product, they are mixed with organic manures and herbal extracts. Due to the lack of awareness regarding the advantages of biological products and certain assumptions associated with them (their adverse health impacts), the global agricultural biologicals market has been affected. Sub-Saharan Africa makes one of the perfect cases for such inconsistency.
BASF, Bayer, ISAGRO, Novozymes, Agrinos, CAMSON, Certis USA, Koppert, Marrone Bio Innovations (MBI),T.Stanes & Company, Valent BioSciences